Southwest Washington saw some seasonal warming in March, but overall activity is a little cooler than in 2016. New listings rose 44.3% over the 668 new listings offered last month in February 2017, but fell 0.7% short of the 971 new listings offered last year in March 2016.
Similarly, closed sales ended 8.2% below the 699 closings recorded last year in March 2016 although ending 33.8% ahead of the 480 listings closed last month in February 2017.
Comparing the average price of homes sold in the twelve months ending March 31st of this year ($334,000) with the average price of homes in the twelve months ending March 2016 ($304,800) shows an increase of 9.6%. The same comparison of the median shows an increase of 10.0% over that same period.